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Lumentum Holdings Inc (LITE.OQ)

LITE.OQ on NASDAQ Stock Exchange Global Select Market

58.84USD
20 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Lumentum - Discontinued All Shipments To Huawei Effective As Of Date Licensing Requirements Went Into Effect
Monday, 20 May 2019 

May 20 (Reuters) - Lumentum Holdings Inc ::LUMENTUM PROVIDES UPDATE ON U.S. DEPARTMENT OF COMMERCE ENTITY LIST DESIGNATION OF HUAWEI AND AFFILIATES AND THE IMPACT TO FISCAL FOURTH QUARTER ENDING JUNE 29, 2019 OUTLOOK.HAS DISCONTINUED ALL SHIPMENTS TO HUAWEI EFFECTIVE AS OF DATE LICENSING REQUIREMENTS WENT INTO EFFECT.CANNOT PREDICT WHEN IT WILL BE ABLE TO RESUME SHIPMENTS TO HUAWEI.SEES Q4 NET REVENUE $375 MILLION TO $390 MILLION.SEES Q4 NON-GAAP DILUTED NET INCOME PER SHARE OF $0.65 TO $0.77.SEES Q4 NON-GAAP OPERATING MARGIN 15.5% TO 17.0%.FOR FISCAL YEAR ENDED JUNE 30, 2018, SALES TO HUAWEI REPRESENTED 11% OF TOTAL REVENUE..Q4 EARNINGS PER SHARE VIEW $0.92, REVENUE VIEW $415.4 MILLION -- REFINITIV IBES DATA.FOR FISCAL Q3 OF 2019, ENDED MARCH 30, 2019, SALES TO HUAWEI REPRESENTED APPROXIMATELY 18% OF TOTAL REVENUE.LUMENTUM HOLDINGS - INTENDS TO FULLY COMPLY WITH U.S. IMPOSED LICENSE REQUIREMENTS FOR EXPORT, REEXPORT AND/OR IN-COUNTRY TRANSFER OF ITEMS TO HUAWEI.  Full Article

CIG Shanghai To Acquire Part Of Assets Of Lumentum's Oclaro Japan For $41.6 Mln
Tuesday, 5 Mar 2019 

March 5 (Reuters) - CIG Shanghai Co Ltd <603083.SS>::SAYS IT SIGNS AGREEMENT TO ACQUIRE PART OF OPERATIONAL ASSETS, STAFF AND BUSINESS OF OCLARO JAPAN, SUBSIDIARY OF U.S. FIRM LUMENTUMHOLDINGS, FOR $41.6 MILLION.  Full Article

Lumentum Announces Receipt Of Antitrust Clearance In China And Expected Closing Date Of Its Acquisition Of Oclaro
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Lumentum Holdings Inc ::LUMENTUM ANNOUNCES RECEIPT OF ANTITRUST CLEARANCE IN CHINA AND EXPECTED CLOSING DATE OF ITS ACQUISITION OF OCLARO.LUMENTUM HOLDINGS INC - CURRENTLY EXPECTS THAT OCLARO ACQUISITION WILL CLOSE ON OR AROUND DECEMBER 10, 2018.  Full Article

Lumentum Holdings Sees Q2 Net Revenue $335 Mln To $355 Mln
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Lumentum Holdings Inc ::LUMENTUM UPDATES OUTLOOK FOR FISCAL SECOND QUARTER 2019.SEES Q2 NON-GAAP DILUTED NET INCOME PER SHARE $1.15 TO $1.34.SEES Q2 NET REVENUE $335 MILLION TO $355 MILLION.SEES Q2 NON-GAAP OPERATING MARGIN 23.0% TO 25.0%.Q2 EARNINGS PER SHARE VIEW $1.67, REVENUE VIEW $420.4 MILLION -- THOMSON REUTERS I/B/E/S.Q2 GUIDANCE DOES NOT INCLUDE RESULTS FROM OCLARO.LUMENTUM HOLDINGS - GOT REQUEST FROM AN INDUSTRIAL AND CONSUMER CUSTOMER FOR LASER DIODES FOR 3D SENSING TO MATERIALLY CUT SHIPMENTS DURING Q2.  Full Article

Lumentum Announces CFO Transition And Appoints Interim CFO
Friday, 8 Jun 2018 

June 7 (Reuters) - Lumentum Holdings Inc ::SAYS CHRIS COLDREN APPOINTED INTERIM CFO.LUMENTUM ANNOUNCES CFO TRANSITION AND APPOINTS INTERIM CFO.AARON TACHIBANA, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, HAS RESIGNED FROM COMPANY.TACHIBANA WILL REMAIN WITH COMPANY THROUGH A TRANSITION PERIOD WHICH WILL END ON AUGUST 31.  Full Article

Lumentum announces Q1 gaap earnings per share $0.11
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Lumentum Holdings Inc :Lumentum announces fiscal first quarter 2018 results.Q1 Non-GAAP earnings per share $0.43.Q1 GAAP earnings per share $0.11.Q1 revenue $243.2 million versus I/B/E/S view $255.1 million.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Sees Q2 2018 Non-GAAP earnings per share $1.05 to $1.25.Sees Q2 2018 revenue $345 million to $375 million.Lumentum Holdings Inc sees ‍ Q2 Non-GAAP operating margin of 21.0% to 23.0%​.Q2 earnings per share view $1.00, revenue view $345.9 million -- Thomson Reuters I/B/E/S.  Full Article

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U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

SHANGHAI/NEW YORK The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already prepared for U.S. action. | Video